Bitcoin & Ethereum Drop, ETFs Face Losses Amid Market Volatility

Bitcoin & Ethereum Drop, ETFs Face Losses Amid Market Volatility – #CryptoUpdatesGNIT

TLDR: Bitcoin and Ethereum fall below key technical levels, triggering $1.7B in liquidations. U.S. Treasury confirms it cannot “bail out” Bitcoin or direct banks to increase holdings. Spot ETFs face unrealized losses, but most investor positions remain largely intact. Crypto funding continues selectively with TRM Labs, Flying Tulip, and Prometheum rounds.   Recent analysis covers major shifts in digital assets, including sharp price drops, regul…

Bitcoin, Ethereum Extend Losses Amid Heightened Market Volatility

Bitcoin’s daily losses stand at around 12.7% The world’s largest cryptocurrency, Bitcoin, lost around 25.1% during the last seven days and dropped 12.7% in the past 24 hours. The price of the digital currency stood at $63,070 as of 2200GMT, according to CoinMarketCap data. The currency wiped out all of the gains it made since US President Donald Trump’s election win and his taking office. Trump was elected Nov. 5, 2024, and the pro-crypto presid…

Bitcoin & Ethereum Drop, ETFs Face Losses Amid Market Volatility

TLDR: Bitcoin and Ethereum fall below key technical levels, triggering $1.7B in liquidations.  U.S. Treasury confirms it cannot “bail out” Bitcoin or direct banks to increase holdings.  Spot ETFs face unrealized losses, but most investor positions remain largely intact.  Crypto funding continues selectively with TRM Labs, Flying Tulip, and Prometheum rounds.   Recent analysis covers major shifts in digital assets, including sharp price drops, r…